Neo Solar Power Corporation (“NSP”, or “the Company”, publicly listed on Taiwan Stock Exchange, Ticker: 3576 TT), a world-class leading integrated PV solution provider with expertise in high conversion efficiency products and global solar system development capabilities in Hsinchu, Taiwan, announced October 2017 revenue of NT$ 1,272 million, representing an MoM increase of 21.28% and also set an annual record again in 2017.

The increase of NSP’s October revenue was resulted from increased shipment in October and increased income from solar system project construction. Year-to-date cumulative revenues reached NT$ 8,121 million as of October 31st, 2017, a 44.04% decrease in YoY terms as opposed to 14,512 million of year 2016.

Look into the future, Suniva’s Section 201 petition to USITC still held uncertain impacts. However, under the promotion of Taiwan government toward solar energy, the overall domestic demand is expected to grow. In solar system project business side, NSP has a major US project and some Taiwan projects undergoing. NSP will expedite the progress of developing solar system project business to improve the overall company operation.